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If I buy Twitter the board compensation will be Zero Elon Musk says

Elon Musk, the entrepreneur, said on Twitter on April 18 (Local Time) that if he is successful in acquiring the firm, he will reduce the board’s compensation to $0. “If my proposal wins, the board compensation will be $0, so that’s $3 million per year saved right there,” he remarked. Musk was responding to Gary Black of The Future Fund LLC, who claimed that the board’s refusal to accept Musk’s offer was due to the company’s large yearly compensation, which ranges from $250,000 to $300,000 per board member. The board of directors, in particular, owns almost no ownership in the corporation.
Musk had enlisted Jack’s help in responding to another tweet, in which a Twitter user named Chris Bakke pointed out that the board members hold practically no ownership in the firm. “Wow, the Twitter board collectively holds no shares now that Jack has left!” Musk commented. Their economic interests are not, objectively, linked with those of shareholders.”
Twitter’s creator, Jack Dorsey, has been known to send out cryptic notes now and then. He backed a tweet that said, “Excellent boards don’t make good companies, but a terrible board will destroy a firm every time,” in a recent post. It’s widely assumed that Jack made a joke at Twitter’s current board of directors. He was fired as CEO in 2008. Jack also intends to step down from the board before the end of the year.
“If you dig into the history of the Twitter board, it’s fascinating since I was a witness to its early beginnings, embroiled in conspiracies and coups, and notably amongst Twitter’s original members,” he said in response to a remark on his endorsement. “It’s continuously been the company’s problem,” Jack said, “and I wish it could be made into a Hollywood drama one day.”
Musk’s coworkers have rallied around him. Poison medications should be made illegal, according to David Sacks, a South African entrepreneur and Musk’s partner at X.com. “Every firm led by a bad management team should be on the table,” he stated.
Elon Musk’s plan to take over Twitter
Elon Musk recently offered to buy Twitter and turn it into a private company. He said that the firm had a lot of potential and that he could assist Twitter in making greater use of it. The Twitter Board, on the other hand, declined the offer and chose the Poison Pill instead. It’s worth noting that, even with the Poison Pill in place, the Twitter Board will not be able to prevent Musk from acquiring the firm.
Latest News
Navi Mumbai Police Seize Drugs Worth ₹1.10 Crore, Arrest Three in Pre-Dawn Raid

In a major crackdown on drug trafficking and illegal immigration, the Navi Mumbai Police conducted a pre-dawn raid on Thursday, seizing narcotics worth Rs1.10 crore and arresting three African nationals.
Acting on directives from Commissioner of Police Milind Bharambe, the Anti-Narcotics Cell and Crime Branch launched a coordinated operation at 4:00 AM. The raid, led by Assistant Commissioner Bhausaheb Dhole and Inspector Sandeep Nigde, involved 125 police officers targeting 11 locations across the Commissionerate.
Authorities confiscated 118.48 grams of high-quality cocaine worth Rs59.24 lakh, 100.84 grams of MD powder valued at Rs50.42 lakh, and Rs43,500 in cash. A total of 35 African nationals were screened, and three individuals found in possession of narcotics were arrested under the NDPS Act at Ulwe Police Station.
Additionally, 11 individuals with expired visas and passports were served Leave India Notices, as part of the police’s intensified efforts against illegal immigration.
The Navi Mumbai Police have vowed to continue their crackdown on drug trafficking and unlawful activities, warning of strict action against offenders.
Latest News
On February 15, CIDCO Will Conduct A Computerized Lottery Draw For The “My Preferred CIDCO Home” Program

CIDCO to hold computerised lottery draw for “My Preferred CIDCO Home” scheme on February 15.
The Lottery
The City and Industrial Development Corporation (CIDCO) will hold the computerised lottery draw for its highly anticipated “My Preferred CIDCO Home” housing scheme on Saturday, February 15, 2025, at 11:00 AM. The event will take place at Raigad Estate, Phase I, Sector-28, Taloja Panchanand, Panvel, and will be streamed live on the CIDCO website for applicants to watch in real time.
Launched on October 12, 2024, the scheme aims to provide affordable housing under the Pradhan Mantri Awas Yojana (PMAY) for the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories. A total of 26,000 tenements have been made available across Navi Mumbai in key locations such as Vashi, Bamandongri, Kharkopar, Kharghar, Mansarovar, Khandeshwar, Panvel, and Kalamboli.
A key feature of this scheme was that applicants could select up to 15 preferred tenements, making it highly flexible and attracting overwhelming participation.
The live webcast of the draw can be accessed on cidcohomes.com, ensuring transparency in the process. After the draw, the list of successful applicants will be published on lottery.cidcoindia.com.
With this initiative, CIDCO continues its mission to provide affordable housing and fulfill the dream of homeownership for thousands in Navi Mumbai.
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Construction Projects Must Utilize Tertiary Processed Recycled Water, Under NMMC Regulations

NMMC mandates use of tertiary treated recycled water for construction projects.
The Regulation
In a major step towards water conservation, the Navi Mumbai Municipal Corporation (NMMC) has made it mandatory for developers to use tertiary treated recycled water in all construction projects approved by the Town Planning Department.
The initiative aims to curb the rising demand for potable water as the city grapples with declining rainfall and increasing concerns over water scarcity. With several redevelopment projects underway, the consumption of drinking water for construction has surged, putting additional strain on resources.
To address this, NMMC is leveraging its advanced sewage treatment infrastructure. The city currently operates seven sewage treatment plants using Sequential Batch Reactor (SBR) technology. Additionally, tertiary treatment plants at Koparkhairane and Airoli utilize Ultra Filtration and Ultraviolet-Based Technology to further purify secondary treated water. This recycled water is already being supplied to industrial establishments in the Maharashtra Industrial Development Corporation (MIDC) area for non-potable use.
By enforcing the use of recycled water in construction, NMMC aims to reduce reliance on drinking water and promote sustainability. This regulation is expected to play a crucial role in preserving Navi Mumbai’s water resources for the future while ensuring responsible urban development.
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